FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For ~~November~~December 711, 2013

Commission File Number: 001-14624

RBS HOLDINGS N.V.

Gustav Mahlerlaan 350

1082 ME Amsterdam

PO Box 12925

1100 AX Amsterdam

The Netherlands

________________________________________________

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ~~__X__~~ X Form 40-F _____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _____ No ~~__X__~~ X

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____

RBS ~~Group~~Confirms ~~notes~~Bostock ~~credit~~to ~~ratings~~resign ~~downgrade~~as byGroup ~~S&P~~Finance Director

~~The~~RBS ~~Royal~~can ~~Bank~~confirm of Scotland Group plc (the Group) notes the decision by Standard & Poor’s Rating Services (S&P) to downgrade certain of the Group and its core subsidiaries' long-term and short-term credit ratings by one notch. The subsidiaries impacted are The Royal Bank of Scotland plc, The Royal Bank of Scotland N.V. and National Westminster Bank Plc. The downgrade reflects the fact that aNathan ~~transitional~~Bostock ~~notch, called a ‘positive transition notch’, that was built into our ratings in late 2011 in recognition of the progress the Group had made in its restructuring~~ has ~~now~~informed ~~been removed. The Group's recent announcement to create an internal bad bank, coupled with S&P’s concerns on execution risk, litigation risk and~~ the ~~potential~~Board ~~for conduct related fines has resulted in the removal~~ of ~~this~~his ~~transition~~intention ~~notch. We are not expecting this downgrade~~ to ~~have~~resign afrom ~~material~~his ~~adverse~~role ~~impact~~as onGroup ~~the~~Finance ~~liquidity of the Group~~Director.

~~Given~~His ~~the~~formal ~~neutral~~resignation ~~stance~~is ofexpected ~~the other agencies~~soon, webut ~~are~~he ~~disappointed~~will ~~with~~remain ~~S&P’s~~in ~~decision~~his position to ~~downgrade~~oversee ~~our~~an ~~ratings~~orderly handover of his responsibilities.

Chairman Philip Hampton said:

"Nathan did a remarkable job as Chief Risk Officer and was integral to the plan which restored safety and soundness to the bank following the 2008 banking crisis. He leaves with the best wishes of the Board."

Chief Executive Ross McEwan added:

"I had the opportunity to work with Nathan through the autumn as we announced the new capital plan for the bank. He is a talented banker who brought a huge amount to our discussions with our regulators and our majority shareholder. While I'll miss working with Nathan, I look forward to competing with him in the UK market as we strive to better the industry for our customers."

Details on arrangements for his successor will be announced in due course.

For further information contact:

~~RBS~~ Group ~~Investor~~Media ~~Relations~~ Centre +44 131 523 4205

Greg Case, Head of Debt Investor Relations

+44 20 7672 1759

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		RBS HOLDINGS N.V.
Date:	~~November~~11 7,December 2013	By:	/s/ C. Visscher
			Name:	C. Visscher
			Title:	Chief Financial Officer

Filing Compare · RBS Holdings N.V.